All you need is 1000 million dollars!
Historically the US Fed Interest Rate and the Canadian Lending rate are more or less in line. We believe that this is about to change and the implications for the Canadian economy could be interesting.
Continue reading “Diverging Interest Rates and the Canadian Dollar”
It may not happen in the near term, although recent declines suggest otherwise, but for a number of reasons, the Canadian dollar might well be in trouble. Much like our previous article about the difficult position the Canadian central bank faces, the CAD faces some seriously negative macroeconomic forces.